Quote Originally Posted by WestCoastFunding View Post
With the way stacking is going, no one wants to be in the 1st position. They want to get in, and get out before the business starts defaulting. Been getting responses from funders that they aren't comfortable funding a specific file in 1st position, but would gladly do a 2nd once a 1st is in-place from another funder.
Are those funders Prime guys shying away from first positions? Or it's B paper and lower to begin with? I'm not agreeing with the rationale, but if it was a B or lower funder, I could understand where they're coming from